View report*This link comes directly from our calculators, based on information input by the member who posted.What do you guys think for a BRRRR?

Cash flow killer if you don’t know which one you need when analyzing deals.

I think I may stick with the HELOC because I’m still learning about investing and analyzing properties.  

@John HewittIf you're set on MFH investing (or any other investing type) then learn how to analyze such properties.

But I will say, although its difficult its certainly obtainable my friend, just takes some time, focus, determination, and the ability to analyze deals and be creative.

If you go turnkey or want to use a Property Manager, you have more options since you don't need to be able to get to the property regularly.Learn how to analyze deals.

How many projects did you analyze before you jumped on this one?

You have to know enough about the market, the rules of thumb for expenses, rehab costs, how to fully analyze deals, etc to make your own educated decision to move forward on ANY deal.I know it is exciting to think about purchasing an investment property..but Please don't jump into this without educating yourself first.

How should I be analyzing the property for future cashflow since I will be paying everything the first year?

The 1%(2%) rule is a thumb rule or a guideline to help you quickly analyze a deal for cash flow.